Indices closed UP .23% to .90%....NICE !!!!!

Indices closed UP.

S&P 500 @ 2040.59, high 2046.24, low 2022.16

RSI @ 67.69

CMF @ 0.384

Internals were :

UP volume led by 3.95 to 1 in NYSE & 1.74 to 1 in Nasdaq

Advancing stocks led by 4.16 to 1 in NYSE & 2.21 to 1 in Nasdaq

Net new 52 wk highs were leading by 180 in NYSE & 5 in Nasdaq

VIX Down 3.67% @ 14.44

Oil @ $40.20

Gold @ $1265.00

Stocks which were UP 1% or more included FEYE JCP V
CNQ NXPI LVS WYNN COH LEN TSLA CSIQ FSLR SPWR
SINA SU FFIV MA WB BABA YELP MU AMCC CIEN AMBA
M LRCX UA SWIR CSOD MGA MS GS AGU.....

AH ER ....ADBE UP 5.99%

AH Futures UP

AH Asian Markets Mixed

AH Oil & Gold Down

About market, Indices closed @ the highest level of 2016 and much higher than feared 2020 area in S&P 500.Internals are all positive and were strong. So many pundits were so wrong about the direction of this market, that they owe a collective apology for their disinformation. Many sectors are taking their turns on a daily basis, it is becoming a very good traders market. Buy what you know in terms of FA & TA, that helps in rotating out with profit. Keep an eye on overbought stocks, they need rest. Friday's BLOG is around 7 PM.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed